November 20, 2006

Federal agencies support commercial peat moss firm R&D program

RIVIERE-DU-LOUP, QUE-Federal government agencies are investing a total of $29 million in research and development (R&D) projects by Premier Tech, a Rivière-du-Loup company that specializes in the design and production of peat moss-based growing media for commercial operators and consumers. The funding includes a repayable investment of $19.1 million from Technology Partnerships Canada, an agency of Industry Canada, and $9.9 million from the Economic Development Agency of Canada for the Quebec region.

The financial assistance will help the company:

*develop improved equipment for innovative peat harvesting and storage systems, resulting in reduced dust emissions, energy consumption, and product and packaging waste, as well as improved regeneration of wetlands;

*create on-site wastewater treatment technologies to solve environmental problems associated with wastewater systems and ensure optimal management of water resources; and

*introduce beneficial organisms to growing media to produce plants that are more resistant to drought and disease.

"These investments in our innovation, research and development program will lead to the creation of over 150 new products," said Premier Tech president and CEO Jean Bélanger.

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